About Iowa Student Loan
Iowa Student Loan is all about your success.
Established in 1979 as a private, nonprofit corporation, Iowa Student Loan helps Iowa students and families obtain the resources necessary to succeed in postsecondary education. To date, Iowa Student Loan has helped more than 392,500 students pay for college.
Iowa Student Loan provides scholarships and programs for Iowa families, offers private student loans for students who have exhausted other sources of aid, and reinvests funds in programs to benefit students and borrowers.
Based in West Des Moines, Iowa, the organization and its subsidiary employ more than 200 people and manages $2.6 billion in student loans. Iowa Student Loan is self-funded and self-capitalized. It is governed by a board of directors that, since its inception, has been appointed by the governor of Iowa. Iowa Student Loan does not have shareholders, nor does it receive state appropriations.
Operating as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, Iowa Student Loan is subject to strict regulation of its exempt purpose and use of funds.
About Aspire Resources Inc.
Aspire Resources Inc. was originally created as ISL Service Corp. in 2001 as a wholly owned, for-profit subsidiary of Iowa Student Loan to perform functions not specifically included in Iowa Student Loan's original tax-exempt designation. Aspire disburses private student loans on behalf of its partnering lenders; transmits student loan data among postsecondary institutions and lenders; resells the computer software it develops; and provides customer service on behalf of its external business partners and to borrowers with federal and private student loans.
Aspire employees perform customer service for borrowers under the name Aspire Servicing Center. Aspire employees also provide private loan services and facilitate student loan data transfers for postsecondary educational institutions and lenders through the iLink Service Center.
The Aspire board of directors is appointed annually by the Iowa Student Loan board of directors, and Iowa Student Loan is the parent company and sole owner of Aspire. All revenues beyond operating expenses and reserves are returned to Iowa Student Loan to fulfill its nonprofit purpose of helping Iowa students and families.
Visit www.AspireResourcesInc.com to learn more about Aspire, or visit www.studentloan.org to learn more about Aspire Servicing Center.